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Mon Dec 3, 2012, 06:32 AM

Tax paid by some global firms in UK 'an insult'

Source: BBC News

Global firms in the UK that pay little or no tax are an "insult" to British businesses, a committee of MPs says.

Public Accounts Committee chairwoman Margaret Hodge said HM Revenue and Customs (HMRC) needed to be "more aggressive and assertive in confronting corporate tax avoidance".

Multinationals such as Starbucks and Amazon have come under fire for paying little or no tax.

They generate UK sales of hundreds of millions of pounds.

Read more: http://www.bbc.co.uk/news/business-20559791

3 replies, 1183 views

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Reply Tax paid by some global firms in UK 'an insult' (Original post)
dipsydoodle Dec 2012 OP
Diclotican Dec 2012 #1
JustABozoOnThisBus Dec 2012 #2
Andy823 Dec 2012 #3

Response to dipsydoodle (Original post)

Mon Dec 3, 2012, 07:11 AM

1. dipsydoodle

dipsydoodle

What, should big companies who generate millions of pounds every year have to pay TAXES????? What horrible, it goes down to the "bottom line" damit... If anyone is unsure, it was definitely a sarcastic thing..

Of course they should pay taxes to the country they opperate in, and earn theyr money..

Diclotican

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Response to dipsydoodle (Original post)

Mon Dec 3, 2012, 07:40 AM

2. Are the companies doing anything illegal?


Some action in Parliament is probably needed to fix this. Starbucks and others are probably using legal means to hide profits offshore.

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Response to dipsydoodle (Original post)

Mon Dec 3, 2012, 08:28 AM

3. This is a world wide problem

The only way to fix this and make these companies pay up is to do it on global scale. If they had to pay, no loop holes, no matter where they are, then they couldn't use the old BS line that if you tax us we will leave this country! The problem can be fixed, but it takes a world wide effort that will probably never happen.

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